Agrochemicals are specially engineered and developed chemicals that are witnessing average growth in its market demand. This growth is mainly driven by the increase in global population which is increasing the food demand. The increasing calorie intake per capita is also an additional factor for increasing food demand. Agrochemicals are extensively being used to improve per hectare production of crops that can be used for food and industrial application. The industry application of crops includes fuel blending and polymer manufacturing. Agrochemicals contribute towards the improvement of factors that affect the production of crops such as macro and micro nutrient supply, soil nutrient restoration, protection from plant diseases, etc. The three major macro nutrients i.e. Nitrogen (N), Phosphorous (P), and Potassium (K) can be mixed in different ratios to obtain a fertilizer suiting a particular soil nutrient profile. In the same way, different types of chemicals or bio-source can be mixed or reacted to obtain an active ingredient that can act on specific or wide range of pest spectrum. These capabilities of agrochemicals make them essential for use on a wide range of crops and regions.

This study estimates the global agrochemicals market by the end of 2018. Asia-Pacific is the most dominant market for agrochemicals owing to large and growing demand of crops for food. Fertilizers can also be in liquid state apart from solid (granular or particles) which has the advantage of faster nutrient transportation to plant roots over others. Liquid ammonia can be used as a liquid fertilizer, but due to its hazardous nature its application is limited to North America and in some other countries in small quantities. Hence, other safer solutions of nitrates or NPK are used. This market research study provides detailed qualitative and quantitative analysis of the global agrochemicals market. The report provides a comprehensive review of major market drivers, restraints, opportunities, winning imperatives, and challenges in the market. The market is further segmented and forecasted for major geographic regions that include North America, Europe, Asia–Pacific, Latin America, and Rest of the World. Competitive scenario and market share of the top players in the market has been discussed for fertilizers and pesticides. The top players of the industry are profiled in detail with their recent developments and other strategic industry activities.

Market has also been segmented on the basis of product types separately for fertilizers and pesticides. Major fertilizer types include nitrogenous, potassic and phosphatic. Major types of pesticides include organophosphates, pyrethroids, neonicotinoides, and bio-pesticides. All these types have been discussed in detail and a comprehensive view and forecast is provided for each category with the market volume and revenue.

We have used various secondary sources such as company’s annual reports, directories, and databases to identify and collect information useful for this extensive commercial study of agrochemicals. The primary sources like experts from related industries have been interviewed to obtain and verify critical information as well as to assess the future prospects of agrochemicals.We have also profiled leading players of this industry with their recent developments and other strategic industry activities. Key companies in the global agrochemicals market include Syngenta (Switzerland), BASF (Germany), Monsanto (U.S.), Bayer AG (Germany), Sumitomo Chemical (Japan), Yara International (Norway), Agrium (Canada), Dow AgroSciences (U.S.), ICL (Israel), etc.

Scope of the report

This agrochemicals market research report categorizes the global market on the basis of product type, their sub-types and geography; forecasting volume and revenue and analyzing trends in each of the submarkets:

Agrochemicals Market by Type: The Agrochemical market has been divided into two segments namely Fertilizers and Pesticides. Each of the segments has been further segmented to their types. The Fertilizer segment is divided into Nitrogenous, Phosphatic and Potassic fertilizers. While the Pesticide segment is divided into Organophosphates, Pyrethroid, Neonicotinoides, Biopesticides and Other pesticides. In order to give an in-depth market analysis of the agrochemicals market, all of the above mentioned types have been further sub-divided into their respective types.

Agrochemicals Market by Geography: This market study covers the agrochemicals market by following regions: North America, Latin America, Europe, Asia-Pacific and Rest of the World (ROW).

The global Agrochemicals Market is witnessing growth on account of increasing demand of grains for both edible and industrial applications. On the basis of use, agrochemicals are of two types: fertilizers and pesticides. Both of these can be used for agricultural and non-agricultural applications such as lawns and ornamental use. The mode of action of both types differs from each other. The former provides nutrient to the plants by being absorbed by the plant roots. The use of fertilizers is essential to improve nutrient profile of the soil and increase per hectare production. On the other hand, pesticides control the growth of unwanted plants and diseases such as weeds, fungus, bacteria, insects, etc. It is used to protect the crops (whether standing or stored) from harmful pests. Thus, the use of both fertilizers and pesticides is very important to support the growing demand of crops.

The global Agrochemicals Market in terms of revenue was estimated to be worth $195,829.9 million in 2012 and is expected to reach $242,757.8 million by 2018, growing at a CAGR of 3.6% from 2013 to 2018. Asia-Pacific and Latin America dominate the global Agrochemicals Market demand in 2012. Asia-Pacific is expected to remain the largest market in the near future owing to the increasing demand for food crops from its key countries–China and India.

Asia-Pacific dominates the global Agrochemicals Market, accounting for major share in overall consumption in 2012. Latin and North America remained second and third largest markets for agrochemicals. The nutrient demand for corn is highest among crops such as wheat, cotton, sugarcane, etc. Hence, its production in North America (for bio-ethanol production also) is expected to increase the demand of agrochemicals in the region. Tight environment regulations in Europe are making it difficult for the manufacturers to launch products that comply with the existing regulations. The use of agrochemicals in the region is mainly used for food application. As for other use such as bio-polymers and bio-fuel, high construction and un-favorable economic condition is creating complex situation for the manufacturers. In recent years, Asia-Pacific and Latin America has registered a strong demand for agrochemicals and the trend is expected to continue in the near future, majorly due to increasing population, driven by India, China, and Brazil. In the Rest of the World (ROW) region, the demand of pesticides is mainly from Africa. This is because the nutrient profile of the region’s soil is declining in various countries. Farmers with less awareness or resources continue to cultivate the field without restoring the nutrients of the soil. This is causing a decline in region’s productivity of crops.

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